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Bernard Tapie Group signs agreement with the DOJ for the Acquisition of Full Tilt

Agreement signed Full Tilt!

Months after the "Black Friday" finally the problem of Full Tilt Poker has been resolved, the Groupe Bernard Tapie and Full Tilt in talks with the Justice Department signed an agreement to acquire the business for $ 80 million. In the agreement it was agreed that the Group Bernard Tapie will be responsible to repay the money to non U.S. players and the U.S. Department of Justice shall make payments to American players, as each player has to contact the DOJ.

The U.S. Department of Justice will therefore give up from actions against Full Tilt Poker, taking responsibility away from shareholders with execption from Howard Lederer, Chris Ferguson and Ray Bitar, among others.

Full Tilt Poker Official Statement:

"Full Tilt Poker is pleased that the terms of the agreement between Groupe Bernard Tapie (GBT) and the Department of Justice have been finalized, and that the agreement provides for GBT to repay or make whole players outside of the United States and for the Department of Justice to permit United States players to request compensation out of the forfeited funds. Since Black Friday, repaying customers has been FTP's number one priority.

Ray Bitar, co-Founder of Full Tilt Poker stated: "I am extremely pleased with the efforts of the Department of Justice, and the Groupe Bernard Tapie corporation, and appreciate their continued dedication in working towards a mutually beneficial agreement that will facilitate repayment of the players ."

Now that the agreement with DOJ has been reached, GBT and Full Tilt Poker will now turn to memorializing the final terms of their agreement, to bring this matter to a complete resolution as soon as possible. Full Tilt Poker would like to thank all its customers for their continued patience since Black Friday and during this negotiation process."

Now it remains to know when Full Tilt Poker will reopen, where it will get a new gaming license, when and how the players will be refunded. We will be responsive to all these questions and as soons as we get more data it will be published.



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